"Today’s costs of Angara are rather high, but we have a clear understanding of the future product’s real costs," Kalinovsky said.

Angara is a family or Russia-designed next generation space rockets. Two models - light Angara-1.2 and heavy Angara-A5 made maiden flights last year. It is expected that a future modification of the heavy Angara rocket will be used in Russia’s lunar program.

According to Kalinovsky, Proton-M carrier rockets will be produced till 2025.

"We’ll produce Protons till 2025. They will be the main product to provide for our enterprise’s operations until 2020," he said at a meeting held in the Siberian city of Omsk by Deputy Prime Minister Dmitry Rogozin.